Debt & Deficits
Latest
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CBO: Fixing the Debt Would Increase Income
Putting debt on a downward path could increase average income by almost $9,000 per person per year, or about 10 percent as compared to continuing on...
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CBO: Debt Remains Unsustainable With r < g
The national debt is rising at an unsustainable pace. A factor that helps is interest rates currently being lower than the economic growth rate (r
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Judd Gregg: And the threat is...
J udd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking member...
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IMF: U.S. Continues to Stand Out with Growing Debt
The United States ranks number one among advanced economies in expected increase of debt as a percentage of Gross Domestic Product (GDP) according to...
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CBO's Updated Baseline Shows Grim Outlook
Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and continue...
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GAO: "Federal Government Is on an Unsustainable Fiscal Path"
The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
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Why Should We Worry About the National Debt: Questions and Answers
“Why Should We Worry About the National Debt?” describes six important ways that the growing national debt will affect the budget and the economy...
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Why Should We Worry About the National Debt?
Though the national debt is at a post-war high, the willingness of policymakers to address it seems as if it is at an all-time low. The last two years...
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Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now
Tyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for The Hill , an...
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Three-Fifths of This Year's Deficit is Policymakers' Fault
The budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...
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Annual Deficits Could Hit $2.3 Trillion
Deficits are rising quickly under current law, as the Congressional Budget Office's (CBO) recent budget outlook demonstrates. Under current law, CBO...
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Tax Cut and Spending Bill Could Cost $5.5 Trillion Through 2029
The 2017 tax cut and the 2018 spending bill loom large in the latest Congressional Budget Office (CBO) outlook; the two pieces of legislation as...